The Hive at Walnut Kansas City, MO

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The Hive at Walnut

Address

4231-4239 Walnut Street
Kansas City, MO 64111

Summary

Units 29
Built 1967
Renovated 2023

Investment Highlights

Fantastic Location with Direct KC Streetcar Access

The Hive at Walnut is ideally located between the Country Club Plaza and Westport District, two of Kansas City's premier lifestyle destinations. Residents enjoy immediate access to dining, nightlife, shopping, and cultural attractions in one of the city's most walkable neighborhoods. The KC Streetcar's Main Street extension now links the corridor to Downtown, Crossroads, Midtown, and UMKC across nearly 6 miles of fare-free service – a infrastructure investment that has catalyzed over $4 billion in completed development along the route.

Clear Mark-to-Market Opportunity Within the Comparable Set

The property presents a clear opportunity for mark-to-market rent growth. Current in-place rents remain below renovated comparable properties in the Midtown and Plaza submarkets, allowing investors to increase revenue while maintaining competitive positioning.

Strong Going-In Yield

The Hive at Walnut offers investors a strong going-in yield supported by in-place income and stable occupancy. Combined with mark-to-market rent potential, the asset provides both immediate cash flow and long-term value creation.

Gallery

30 photos

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Location Map

Map Type

Fullscreen

Amenities

Community Amenities

Pet Friendly
Off-Street Surface Parking ($50/Month)
On-Site Management
Landscaped Grounds
Walkable to Westport, Country Club Plaza & Nelson-Atkins Museum

Unit Amenities

In-Unit Stacked Washer/Dryer
Central Air Conditioning
Private Balcony
Window Coverings

Team

Brokerage Team

When evaluating your options for a partner to assist with the sale of your multifamily asset, there are a number of factors you may consider. From experience and market knowledge to marketing prowess and ongoing support, each plays an integral role in creating a positive experience and a profitable outcome. Yet the one competency you may never have considered could be the one that matters most: the ability to move capital across markets efficiently and effectively.

MMG possesses a unique combination of talent, resources, expertise, and access that delivers an elevated experience from acquisition to disposition. Discover the benefits of a partnership with us.